CLOAKCOIN Makes a Comeback with Advanced Technology, Multi-Platform Wallets, and a Great Team

CLOAKCOINis a well-known cryptocurrency. It is one of the first coins to target the so-called anon coin market currently being dominated by the latecomers like Monero, ZCash, and others.

There are also examples of many people abusing the anon coin market to turn it into an “easy come, easy go” market by creating Ponzi-like schemes around it. These fraudulent actions on their part have given the whole cryptocurrency market a bad reputation among serious investors.

Unlike a majority of cryptocurrencies, CLOAKCOIN is a mature and serious contender, prepared to lead the anon coin market. Since the development of CLOAKCOIN was taken over by a dedicated team of enthusiastic organizers, coders and investors, it has turned into a highly sophisticated tool for private, secure and untraceable transactions.

The CLOAKCOIN team has implemented a unique off chain peer-to-peer coin mixing arrangement called ENIGMA covered by a TOR like onion routing system named CLOAKSHIELD. The strong and independent technology introduced by CLOAKCOIN contains no master nodes, encryption that can’t be forced and no traceability guarantees anonymity for all transactions while addressing issues like fungibility and more.

Based on POS Consensus algorithm, the cryptocurrency offers an interest of 6% per annum to every hot CLOAKCOIN owner. In addition, they are also eligible to a share in the network’s 1.8% transaction fee for their support towards ENIGMA transactions. CLOAKCOIN’s easy to use wallets are already available on multiple platforms, with support for more operating systems to be added soon.

Best of all, where many other coins offer command line interface wallets which are hard to handle by the average user, CLOAKCOIN offers GUI based wallets for all major platforms which are easy to install and easy to run as you can see in this Windows Wallet v1.9.7.56 screen capture below:

These developments are reflected in the cryptocurrency’s price which is currently stable in the range of 0.0002 and 0.0003 BTC. The CLOAKCOIN team has already forged new cooperations and partnerships with different payment services and investors. In addition, the team is also launching new updates and PR campaigns, which is set to push the cryptocurrency’s price further upwards in the near future.

A trader’s point of view based on technical analysis

CLOAKCOIN’s trading range has been between 3k-55k since September 2014. With the cryptocurrency expected to perform a stable breakout over the major 55k resistance in the coming months, the existing trading range of 7k-20k has been broken at 29k recently and soon it is going to cross the 35k followed by 55k and more.

The next target from the chart technical point of view is the zone around 55k, while after some consolidation the next higher target is expected to be about 100k. Here we expect a short break within the strong up trend before higher targets >200k are coming. CLOAKCOIN can be currently traded on Bittrex (CLOAK/BTC), Yobit (CLOAK/BTC) and LiveCoin (CLOAK/BTC, CLOAK/USD, CLOAK/EUR) platforms.

A little bit of history

First introduced in June 2014, CLOAKCOIN reached an all-time high in August with 0.0035 BTC and a market cap of 8 Million USD before dropping back to 0.00002 BTC by the end of 2015. Since then, its development, marketing, and promotions have been taken over by a highly motivated team. The technologically advanced coin is now set to break the price barriers, emerging as one of the most valuable cryptocurrency in the coming days.

Related News

I chose Cloakcoin as the Random Coin of the Day today for it's unique exchange integration with its wallet. With centralized places like eBay, sellers often get the raw end of the stick and are unable to handle their own business' transactions. Will Cloakcoin take over what eBay has failed to do and create a fair environment for trading with their new OneMarket trading platform as well? Although the Windows wallet on their website is missing OpenSSL DLL dependencies and doesn't have any instructions on where to find these files, the aspect of having a built in exchange is something a lot....

CoinTelegraph spoke with Cloak team member Cashmen about overcoming the initial pump and dump by the original team, resurrecting CloakCoin, transitioning from proof-of-work mining to proof-of-stake, and its upcoming "PoSA3" release. In mid-2014, the first wave of cryptocurrencies similar to bitcoin but with improved anonymization features came on the market. CLOAK or CloakCoin, was one of the first and most promising projects. The price of cloak shot up reaching nearly US$6 million in market capitalization and a price of US$11.5 dollars per cloak. “[In] the Cloak community remained only....

Cloakcoin is trying to build an anonymous ecosystem. One of cryptocurrency's greatest selling points is the freedom it affords users in regard to managing their assets. However, many in the crypto-community do not believe true freedom can be achieved until they have a way to transact online with complete anonymity. As a result, a variety of coin developers have sought to implement anonymous transactions into their source code. Darkcoin was the first major coin to attempt this. After its dramatic price rise, many altcoins sought to draw attention to themselves by promising anonymity as....

CloakCoin, a privacy-centric altcoin launched in 2014, has announced a “major overhaul and reconstruction” to improve its reputation and facilitate anonymous cryptocurrency transactions.
CloakCoin: Former Pump and Dump Scam Now Wants Legitimacy.
This cryptocurrency was originally created as a fraudulent pump and dump scheme. Launched on June 3, 2014, the currency quickly reached a market cap of more than $5 million USD. However, the original developers never delivered on their promises, and the value of the coin dropped dramatically as soon as investors realized the project....

Private cryptocurrency system Cloakcoin recently announced that it is integrating into Blockpay.
The European startup, which rose to fame for its no-nonsense policies against financial surveillance, has already taken anon market by storm by offering a highly privatised, secure and decentralised cryptocurrency ecosystem. Specifically in times when Bitcoin’s much-talked-about anonymity has been disproved by the constant judicial crackdowns of underground marketplaces. Cloakcoin, on the other hand, has proved to be consistent when it comes to providing a secure transaction route to....

Quotes

Just tried to buy breakfast w bitcoins. Refused. #whenwilltheworld catchuptomyhipness? (taken from his official twitter page)